US President Donald Trump’s aggressive trade policy with China and Europe is a “double-edged sword,” bolstering domestic manufacturing and narrowing the trade deficit while hitting the American consumer with rising prices, says an analyst.

“Tariffs on imports have multiple economic effects and depending on what kind of economic values you assign to a particular policy, they can be beneficial or they could be negative,” Keith Preston, chief editor and director of AttacktheSystem.com, said in an interview.

“There is a significant trade imbalance between china and the United States and Donald Trump is trying to correct that,” he told Press TV on Friday.

Trump threatened Friday that he was ready to intensify his trade war with China by imposing tariffs on all $500 billion of imports from the world’s second largest economy.

In an interview with CNBC, the president said Washington is “down a tremendous amount” in terms of trade with Beijing, reiterating his views that China’s trade surplus with the US amounts to “unfair” trading practices.

“I’m not doing this for politics. I’m doing this to do this right thing for our country. We have been ripped off by China for a long time and I told that to President Xi,” he said.